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Energy Drilling awarded 3 year contract for EDrill-1

PTT Exploration & Production Public Co. Ltd has executed an agreement fixing high specification tender rig EDrill-1 for a firm term of three years. The transaction was made effective on 01 August 2014 with the Bongkot Program commencement date set for October 2014. EDrill-1 was handed over to the Operations Preparation group in April 2014 and has been undergoing trial rig up and rig down exercises at COSCO Guangdong shipyard. The rig’s light-weight Drilling Equipment Set erects in three major heavy lifts and is ideally suited to the fast paced Gulf of Thailand infield drilling programs.